McBride PLC Trading Update (8276T)
January 11 2017 - 1:00AM
UK Regulatory
TIDMMCB
RNS Number : 8276T
McBride PLC
11 January 2017
11 January 2017
McBride plc
Trading update
McBride plc, the leading European manufacturer and supplier of
Co-manufactured and Private Label products for the Household and
Personal Care market, provides its trading update for the six
months ended 31 December 2016.
The Group's first half year financial performance has been
encouraging, with quality of earnings continuing to improve from
further positive progress on margins and costs. As a result the
Board remains comfortable that the business is on track to deliver
its full year expectations for adjusted operating profit.
Underlying Group revenues were 4.5% lower on a constant currency
basis when compared to the first half of the prior financial year,
which includes a strong comparative from December 2015. Underlying
revenues were broadly flat compared to the second half of the prior
financial year. The impact of McBride's customer reduction project
accounted for a further 2.5% of sales reduction, such that total
Group revenues on a constant currency basis were 7.0% lower than
the same period last year.
The Group will announce its interim results for the six months
ended 31 December 2016 on 22 February 2017.
For further information please contact:
McBride plc
Rik De Vos, Chief Executive
Officer 0161 203 7570
Chris Smith, Chief Financial
Officer 0161 203 7570
FTI Consulting 020 3727 1017
Ed Bridges, Nick Hasell
Note: This announcement contains inside information which is
disclosed in accordance with the Market Abuse Regulation which came
into effect on 3 July 2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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